Stock Track | XPeng Inc. Surges in Pre-Market Trading Amid Broad Rally in Chinese Stocks-To The Moon - Tiger Brokers Online Investing Community

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Stock Track | XPeng Inc. Surges in Pre-Market Trading Amid Broad Rally in Chinese Stocks

Stock Track11-11

XPeng Inc. (XPEV), a leading Chinese electric vehicle manufacturer, experienced a pre-market soar of 5.18% on November 11, 2024, as part of a broader rally in Chinese American Depositary Receipts (ADRs) and Exchange-Traded Funds (ETFs).

The surge in XPeng's stock price came amid overnight trading, where Chinese ADRs and ETFs witnessed significant gains. Reports indicate that XPeng's shares climbed over 4%, while other prominent Chinese stocks, such as Alibaba (BABA) and Li Auto (LI), rose more than 3%. NIO (NIO), JD.com (JD), and PDD (PDD) also saw increases of around 2%.

The rally in Chinese ADRs and ETFs appears to be fueled by positive investor sentiment towards the Chinese market. Additionally, China's A50 index futures, which initially declined by 1.4%, turned positive during the trading session, further contributing to the optimism surrounding Chinese equities.

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